Pepe Coin (PEPE) Price Prediction: Whales Accumulate Ahead of Potential Surge

Key Insights:

Pepe Coin (PEPE) has seen a recent downtrend after reaching a peak of nearly $0.0913 on March 26. The price has since moved lower toward $0.086, with multiple ranges showing short-term volatility.

However, despite this movement, there are signs of accumulation trends among large holders, suggesting that some investors remain interested in the asset.

According to CoinGecko, PEPE’s price movements have shown mixed signals across different time frames.

In the last hour, the token went down by 0.1%, indicating slight negative momentum.

Over the last 24 hours, it dropped by 2.7%, showing short-term bearish pressure.

But, broader trends remain positive, with a 7-day gain of 11.4% and a 14-day increase of 20.2%.

Over the past 30 days, the token went up by 11.8%, highlighting a largely bullish mid-term outlook.

Amidst this fluctuation, whale activity suggests ongoing interest in the asset.

SpotOnChain reported that a newly created wallet withdrew 500 billion PEPE, valued at approximately $4.3 million, from Binance.

Usually, large-scale withdrawals to cold wallets reduce circulating tokens, which could contribute to potential price stability.

The whale now holds a combined portfolio of Pepe and Ethereum worth $4.295 million.

Another whale, known as qianbaidu.eth, withdrew 506.2 billion PEPE, which is about $4.4 million, from Binance about 10 hours ago.

This investor, an early buyer of PEPE, previously realized a $7.34 million profit with a 110% gain.

The whale now holds 699.8 billion PEPE, valued at $5.11 million, with a floating profit of $164,000, or 2.8%.

Also, IntoTheBlock’s data shows a breakdown of ownership distribution among whales, investors, and retail traders.

The whale category remains largely stable, with a 0.05% increase in ownership over the past 30 days. This trend indicates confidence among large holders rather than aggressive accumulation.

Mid-tier investors have increased their stake by 4.17%, suggesting growing interest from institutional or well-funded retail investors.

Conversely, retail traders have reduced their holdings by 3.92%, signaling an exit from the asset.

Historically, retail sell-offs at lower price points have preceded rebounds, making this period a potential accumulation opportunity for larger investors.

Pointing to said trends in his analysis, one analyst broke down the technical setup on PEPE /USDT.

According to Rose Premium Signals, the coin will be headed for an uptrend.

Presently, the token is bouncing off of a historical support zone which has strong demand.

The price chart shows a double-bottom reversal pattern which is usually regarded as bullish price movement.

If momentum continues, the analyst forecasts the upside potential more than 300% and short order targets are $0.02384, $0.02965, and $0.03466.

CryptoElites shared a separate analysis, predicting a major price increase for PEPE.

Its price has been following an ascending channel as seen by three parallel trend lines guiding the price.

On a formation basis, it makes the cup and handle pattern which tend to be bullish reversals.

Based on this projection, PEPE is positioned at the bottom of a new upward move.

The token could surge 40X to a price level close to $0.031.